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SAMA, Google Sign Agreement to Launch Google Pay in Saudi Arabia

SAMA, Google Sign Agreement to Launch Google Pay in Saudi Arabia
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SAMA, Google Sign Agreement to Launch Google Pay in Saudi Arabia

SAMA, Google Sign Agreement to Launch Google Pay in Saudi Arabia

The Saudi Central Bank (SAMA) and Google have signed an agreement to introduce Google Pay in Saudi Arabia during 2025 through the national payment system mada, according to a press release from SAMA.
This agreement aligns with SAMA’s ongoing efforts to enhance the Kingdom’s digital payments ecosystem as part of Saudi Vision 2030.

According to SPA, it underscores SAMA’s commitment to developing a robust digital payments infrastructure, facilitating the transition to a less cash-dependent society by offering advanced digital payment solutions that meet international standards.
Google Pay will provide users with an advanced and secure method for making purchases in stores, apps, and on the web. Users will also be able to conveniently add and manage their cards within Google Wallet.
This initiative is part of a broader series of solutions aimed at meeting market demands and strengthening Saudi Arabia’s position as a global leader in FinTech.

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EU Says Trump Arrival Will Not Impact Big Tech Cases

The logos of mobile apps, Google, Amazon, Facebook, Apple and Netflix, are displayed on a screen in this illustration picture taken December 3, 2019. REUTERS/Regis Duvignau/File Photo
The logos of mobile apps, Google, Amazon, Facebook, Apple and Netflix, are displayed on a screen in this illustration picture taken December 3, 2019. REUTERS/Regis Duvignau/File Photo
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EU Says Trump Arrival Will Not Impact Big Tech Cases

The logos of mobile apps, Google, Amazon, Facebook, Apple and Netflix, are displayed on a screen in this illustration picture taken December 3, 2019. REUTERS/Regis Duvignau/File Photo
The logos of mobile apps, Google, Amazon, Facebook, Apple and Netflix, are displayed on a screen in this illustration picture taken December 3, 2019. REUTERS/Regis Duvignau/File Photo

The European Commission said on Tuesday it was assessing its cases against Apple, Google and Meta and that President-elect Donald Trump's impending arrival in the White House did not affect its commitment to enforcing its laws on big tech.

The European Commission has carried out a series of investigations into US tech firms under its Digital Markets Act and Digital Services Act, which seek to make large platforms adhere to market rules and act against illegal content, according to Reuters.

Meta chief Mark Zuckerberg said Europe was "institutionalizing censorship".

"We have been very clear that no matter which administration is in place in third countries, this will not affect our enforcement work," a Commission spokesperson told the EU's executive's daily briefing.

The Financial Times reported that the European Commission was reassessing its investigations of Apple, Meta and Google in a review that could lead it to scale back or change its investigations that could lead to fines as US groups urge Trump to intervene.

The Commission denied it was carrying out a review.

"What we do have is upcoming meetings to assess maturity of cases, to assess the allocation of resources and the general readiness of the investigation," the spokesperson said.

The spokesperson said that the cases were still being handled at a technical level and so not reached a point at which decisions could be taken.

"Obviously there may be a political reality which puts pressure on the technical work, but we need to distinguish the two stages because we need to have a court-proof investigation," another spokesperson said.